Chelsea takeover set to be completed on Monday

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Chelsea have confirmed that the Todd Boehly/Clearlake Capital consortium are set to complete their takeover of the club on Monday.

The Blues this week moved a big step towards having new owners when the Portuguese government approved the sale of the club.

That was necessary as Russian oligarch Roman Abramovich, Chelsea's owner since 2003, also holds Portuguese citizenship.

The UK government had on Wednesday stated that it was satisfied "the sale will not benefit Roman Abramovich", who was sanctioned due to his links to Russia's President Vladimir Putin following the invasion of Ukraine.

Chelsea agreed to terms for the sale of the club to an ownership group led by Todd Boehly, Clearlake Capital, Mark Walter and Hansjorg Wyss for £4.25billion this month.

Another positive update was provided on Saturday.

A club statement said: "Chelsea Football Club can confirm that a final and definitive agreement was entered into last night to sell the club to the Todd Boehly/Clearlake Capital consortium.

"It is expected that the transaction will be completed on Monday. The club will update further at that time."

The deal has been approved by the Premier League.

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